Many parents want to help their children start building their credit foundation early, and to do so, they become co-signers or allow their children to become authorized users on their credit card accounts. Both of these options have advantages and disadvantages, but do you know the difference?
It wasn't easy, but your credit score just passed the 661 mark into "good" territory or the 781 mark into the "excellent" category. Congratulations, you're now a credit score champion! After you're done basking in your own glory, it's time to actually put that credit score to effective use.
Individuals who don't know their rights leave themselves open to being take advantage of. While various consumer interest groups monitor businesses and credit issuers constantly, searching for abuses, they cannot stop all the dirty tricks that exist out there.
While building up a credit score and credit history is ingrained in virtually every American today, we are seldom presented with information that can make the tasks at hand less perilous. Below is a simple list of mistakes to avoid as you use credit cards.
There are many myths surrounding what can actually help or hurt your score, especially when it comes to student loans. For recent graduates, student loans can be a credit disaster or a credit booster -- it all depends on how well they are managed.
Around 43 million Americans have past due medical debts on their credit reports, according to a December 2014 report by the Consumer Financial Protection Bureau (CFPB).
People consider filing bankruptcy when the alternative has become worse. Figuring out if you are at that point though can be difficult. One misconception that makes people hesitate to file bankruptcy is the impact on their credit.
Some of the best ways you can help your credit are so ingrained in your day-to-day routine, you're probably working on your credit without really thinking about it. The simple, carefree route to good credit -- sounds nice, doesn't it?
Your credit score is more than just a three-digit string of numbers; it holds real power over your ability to rent an apartment, apply for a mortgage, secure a car loan and even get a job. What can you do if your credit score isn't as great as you'd like it to be?
Minding your money doesn't have to be time-consuming. No, really! There are plenty of quick and simple steps you can take that can have a positive impact on your financial wellbeing.
As older millennials start to consider buying homes, establishing good credit is more important than ever. But with a spotty job market following one of the worst recessions in modern history, building that score hasn't been easy for this generation.
If your credit report has mistaken, don't become just another statistic and don't stop fighting. Here are four unconventional tactics you can use to stick it to the credit man and get the results you want.
Valentine's Day is coming up, but we know you don't want to put a ring on your student loans. Even if you can't love them, here are six good reasons to value your loans.
Review your credit report and make sure you're not being marked for anything delinquent that could be damaging your credit. This could be old gym memberships like mine, credit cards or medical bills.
It's February! The month when hearts, kisses and huggable stuffed animals abound -- and you're constantly reminded: All you need is love. But we think there's something else you need, too. (Hint: It's green, not pink.)
Many aspects of credit can be confusing and even counterintuitive. Sometimes, it can even feel like you're doing everything right -- paying all your bills on time, not maxing out your cards -- and yet you still have poor credit. That's because there are a number of seemingly benign actions that can seriously hurt your credit score.